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Leo has a salary of 馃挿 120000. Calculate his new salary if it is increased by x% & decreased by x%. [I Like Mathematics]

The answer is: 120000(1 - x^2/10^4)

Please explain the steps.
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IwillwaitM
What is X's value? Regardless, it seems it stays the exact same.
Riemann31-35, M
@Iwillwait The answer is given fam. Just wan know the steps.
Unlearn41-45, M
@Iwillwait it wouldn't be same...it would be less that 120000.